This can be a slope indicator for COG (Heart of Gravity) indicator.
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Here is what the slope will seem like:
You’ll be able to set the Slope Threshold for indicating Purchase/Promote heightened ranges. Within the above Picture the Threshold is ready to 0, due to that every one Bullish slope is Inexperienced and Bearish is Purple.
Suppose we set Threshold to -10 and 10, then that is what we get:
And in addition set Slope Interval. Default is 5, which implies it can measure the COG values for previous 5 bars and discover the Slope based mostly on time for previous 5 bars.
You can too get Alerts when slope adjustments. Alerts may be Popups, Push Notifications, E mail or in a File.
Listed below are all of the settings:
Additionally get COG Slope in Buffer values for specified COG bars again.
What slope means:
If slope is pink, it signifies that COG strains are sloping downwards, and value is in downwards pattern.
So solely commerce promote indicators.
If slope is Inexperienced, it signifies COG strains are sloping upwards and value is in upwards bullish pattern.
So solely commerce purchase indicators.
Instance COG Technique:
Slope Interval: 5. Slope Threshold: 15,-15
COG Bars again 240. And relaxation are all default values.
Use JB COG Slope if you don’t need it to easy previous bars. And Slope shall be based mostly on what the COG really appeared like at the moment.
Bullish:
Look forward to value to cross Decrease most band. After which watch for MA OC Up Arrow.
For robust trades, solely commerce if slope is Inexperienced. For Medium sign: commerce if slope is White or Inexperienced
Bearish:
Look forward to value to cross COG Higher most band. After which watch for MA OC Down Arrow.
For robust indicators, solely commerce if slope is Purple. For Medium sign: commerce if slope is White or Purple
